Online Stock – Coach Outlet Online S Pick http://coachoutletonlinespick.org/ Mon, 26 Sep 2022 22:31:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://coachoutletonlinespick.org/wp-content/uploads/2021/09/coach-oultlet-online-s-pick-icon-150x150.jpg Online Stock – Coach Outlet Online S Pick http://coachoutletonlinespick.org/ 32 32 Stocks fall on recession fears; Dow slips into the bear market | national news https://coachoutletonlinespick.org/stocks-fall-on-recession-fears-dow-slips-into-the-bear-market-national-news/ Mon, 26 Sep 2022 22:31:00 +0000 https://coachoutletonlinespick.org/stocks-fall-on-recession-fears-dow-slips-into-the-bear-market-national-news/ The Dow Jones Industrial Average became the latest of major U.S. stock indexes to fall into what is known as a bear market on Monday as the market deepened its slump amid growing fears of a global recession. The blue chip index fell 1.1%, while the S&P 500 closed down 1% and the Nasdaq fell […]]]>

The Dow Jones Industrial Average became the latest of major U.S. stock indexes to fall into what is known as a bear market on Monday as the market deepened its slump amid growing fears of a global recession.

The blue chip index fell 1.1%, while the S&P 500 closed down 1% and the Nasdaq fell 0.6% as indices extended their losing streak to a fifth day .

The pound fell to an all-time low against the dollar and investors continued to dump UK government bonds, unhappy with the sweeping tax cut package announced in London last week.

Markets in Europe mostly closed lower. The head of the European Central Bank has warned that the economic outlook is “darkening” as high energy and food prices pushed up by war in Ukraine sap consumers’ purchasing power. France, the EU’s second largest economy, forecasts a substantial slowdown in economic growth next year.

In the United States, stock indices lost ground, posting their fifth weekly loss in six weeks.

“Yields are higher, the dollar is stronger and stocks are weak,” said Willie Delwiche, investment strategist at All Star Charts. “That’s been the theme, really all year, and escalated a bit in the last week and it’s playing out this week.”

The S&P 500 fell 38.19 points to 3,655.04. The Nasdaq fell 65 points to 10,802.92. The Dow fell 329.60 points to close at 29,260.81. It is now 20.5% below its all-time high reached on January 4. A decline of 20% or more from a recent high is what Wall Street calls a bear market.

Losses were significant and included banks, healthcare companies and energy stocks. Bank of America fell 2.2%, Medtronic 1.6% and Marathon Oil 3.7%.

Casino and resort operators have been a beacon of hope following reports that the Macau Gaming Center will ease travel restrictions in November. Wynn Resorts jumped 12%.

Small company stocks fell more than the broader market. The Russell 2000 fell 23.71 points, or 1.4%, to close at 1,655.88.

The latest bout of selling to open the week comes amid an extended slump in major indices. The benchmark S&P 500 index is down more than 7% in September. Stocks were weighed down by worries about stubbornly high inflation and the risk that central banks could push economies into a recession as they try to cool high prices for everything from food to clothes. Investors were particularly focused on the Federal Reserve and its aggressive interest rate hikes.

“We’re starting to move from fears about inflation and the Fed to global economic concerns,” said Mark Hackett, head of investment research at Nationwide. “We have reached a universal degree of pessimism.”

The Fed raised its benchmark rate, which affects many consumer and business loans, again last week and it is now in a range of 3% to 3.25%. It was almost nil at the start of the year. The Fed also released a forecast suggesting that its benchmark rate could be 4.4% by the end of the year, one point higher than expected in June.

The goal is to make borrowing more expensive and effectively reduce spending, which would curb inflation. However, the US economy is already slowing and Wall Street fears that the Fed’s rate hikes will put the brakes on the economy too hard and cause a recession. Higher interest rates have hurt all kinds of investments, especially expensive tech stocks.

The 2-year Treasury yield, which tends to track Federal Reserve action expectations, rose significantly to 4.32% from 4.21% Friday night. It is trading at its highest level since 2007. The 10-year Treasury yield, which influences mortgage rates, jumped from 3.69% to 3.89%.

The recent appreciation of the US dollar against other currencies is of concern to many countries. This reduces the profits of American companies with operations abroad and puts financial pressure on much of the developing world.

Companies are approaching the end of the third quarter and investors are preparing for the next round of earnings reports. This will give them a better idea of ​​how companies are handling persistent inflation.

Investors also have several economic reports available for this week that will provide more detail on consumer spending, the labor market and the broader health of the US economy.

The latest report on consumer confidence, for September, from the business group The Conference Board will be released on Tuesday. The government will release its weekly report on unemployment benefits on Thursday, along with an updated report on gross domestic product for the second quarter.

On Friday, the government will release another personal income and spending report that will help provide more detail on where and how inflation is hurting consumer spending.


Business writer Yuri Kageyama contributed to this report from Tokyo.


This story has been updated to correct the S&P 500 closing number. It’s 3,655.04, not 3,665.04.

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Stocks drop sharply around the world, Dow Jones falls to 2022 low https://coachoutletonlinespick.org/stocks-drop-sharply-around-the-world-dow-jones-falls-to-2022-low/ Fri, 23 Sep 2022 21:37:00 +0000 https://coachoutletonlinespick.org/stocks-drop-sharply-around-the-world-dow-jones-falls-to-2022-low/ The Dow Jones Industrial Average closed at its lowest level since 2020 on Friday. WASHINGTON — Stocks fell sharply around the world on Friday on fears that an already slowing global economy could slide into recession as central banks increase pressure with further interest rate hikes. The Dow Jones Industrial Average fell 1.6%, closing at […]]]>

The Dow Jones Industrial Average closed at its lowest level since 2020 on Friday.

WASHINGTON — Stocks fell sharply around the world on Friday on fears that an already slowing global economy could slide into recession as central banks increase pressure with further interest rate hikes.

The Dow Jones Industrial Average fell 1.6%, closing at its lowest level since the end of 2020. The S&P 500 fell 1.7%, close to its 2022 low set in mid-June, while the Nasdaq slipped 1.8%.

The sell-off capped another tough week on Wall Street, leaving the major indexes with their fifth weekly loss in six weeks.

Energy prices closed sharply lower as traders worried about a possible recession. Treasury yields, which affect rates on mortgages and other types of loans, have held at multi-year highs.

European stocks fell just as sharply or more after preliminary data suggested business activity had suffered its worst monthly contraction since the start of 2021. a new plan announced in London to reduce taxeswhich pushed UK yields higher as it could eventually force its central bank to raise rates even more sharply.

The Federal Reserve and other central banks Around the world, interest rates have risen aggressively this week in hopes of curbing high inflation, with further big hikes promised for the future. Such measures are deliberately dampening economies, in the hope that the slowdown in household and business purchases will reduce inflationary pressures. But they also threaten a recession, if they rise too far or too quickly.

In addition to Friday’s discouraging data on European business activity, a separate report suggests that US activity is also continuing to contract, although not as badly as in previous months.

“Financial markets are now fully absorbing the stern message from the Fed that there will be no backing down in the fight against inflation,” Douglas Porter, chief economist at BMO Capital Markets, wrote in a research report. .

U.S. crude oil prices fell 5.7% to their lowest levels since the start of this year on fears that a weaker global economy will consume less fuel. Cryptocurrency prices have also fallen sharply as higher interest rates tend to hit investments that seem the most expensive or riskiest the hardest.

Even gold has fallen in the global rout, as bonds offering higher yields make interest-free investments less attractive. Meanwhile, the US dollar has appreciated strongly against other currencies. This can hurt the profits of American companies with extensive overseas operations, as well as put financial strain on much of the developing world.

The S&P 500 fell 64.76 points to 3,693.23, its fourth consecutive decline. The Dow Jones, which at one point was down more than 800 points, lost 486.27 points to close at 29,590.41. The Nasdaq fell 198.88 points to 10,867.93.

Smaller company stocks fared even worse. The Russell 2000 fell 42.72 points, or 2.5%, to close at 1,679.59.

More than 85% of S&P 500 stocks closed in the red, with technology companies, retailers and banks among the largest weightings in the benchmark.

The Federal Reserve on Wednesday raised its benchmark rate, which affects many consumer and business loans, to a range of 3% to 3.25%. It was almost nil at the start of the year. The Fed also released a forecast suggesting that its benchmark rate could be 4.4% by the end of the year, one point higher than expected in June.

Treasury yields have hit multi-year highs as interest rates rise. The 2-year Treasury yield, which tends to track Federal Reserve action expectations, rose to 4.20% from 4.12% late Thursday. It is trading at its highest level since 2007. The 10-year Treasury yield, which influences mortgage rates, slipped to 3.69% from 3.71%.

Goldman Sachs strategists say a majority of their clients now see a “hard landing” that drags the economy down sharply as inevitable. For them, the question is only about the timing, depth and duration of a potential recession.

Higher interest rates are hurting all types of investments, but equities could hold steady as long as corporate earnings rise sharply. The problem is that many analysts are starting to lower their forecasts for future earnings due to higher rates and worries about a possible recession.

“Increasingly, the psychology of the market has shifted from worries about inflation to worries that, at a minimum, corporate earnings will decline as economic growth slows demand,” said Quincy Krosby, global strategist. head for LPL Financial.

In the United States, the job market remained remarkably strong, and many analysts believe the economy grew in the summer quarter after shrinking in the first six months of the year. But the encouraging signs also suggest that the Fed may need to raise rates further to get the cooling needed to bring inflation down.

Some key sectors of the economy are already weakening. Mortgage rates hit 14-year highs, causing existing home sales to plummet 20% in the past year. But other areas that do better when rates are low are also suffering.

In Europe, meanwhile, the already fragile economy is dealing with the effects of war on its eastern front following Russia’s invasion of Ukraine. The European Central Bank is raising its key rate to fight inflation even as the region’s economy is already set to plunge into recession. And in Asia, the Chinese economy is grappling with still-strict measures meant to limit COVID infections that are also hurting businesses.

While Friday’s economic reports were disheartening, few on Wall Street saw them as enough to convince the Fed and other central banks to ease their stance on raising rates. So they only heightened fears that rates will continue to rise in the face of already slowing economies.

Economics writer Christopher Rugaber and business writers Joe McDonald and Matt Ott contributed to this report.

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Stocks slid in volatile trade after Fed rate hike https://coachoutletonlinespick.org/stocks-slid-in-volatile-trade-after-fed-rate-hike/ Wed, 21 Sep 2022 21:47:00 +0000 https://coachoutletonlinespick.org/stocks-slid-in-volatile-trade-after-fed-rate-hike/ Stocks fell in volatile trading on Wednesday after the Federal Reserve hiked rates 75 basis points and forecast bigger rate hikes ahead in its fight to rein in soaring inflation. The Dow Jones Industrial Average slipped 522.45 points, or 1.7%, to close at 30,183.78. The S&P 500 lost 1.71% to 3,789.93, and the Nasdaq Composite […]]]>

Stocks fell in volatile trading on Wednesday after the Federal Reserve hiked rates 75 basis points and forecast bigger rate hikes ahead in its fight to rein in soaring inflation.

The Dow Jones Industrial Average slipped 522.45 points, or 1.7%, to close at 30,183.78. The S&P 500 lost 1.71% to 3,789.93, and the Nasdaq Composite fell 1.79% to 11,220.19.

The S&P ended Wednesday’s session down more than 10% over the past month and 21% off its 52-week high. Even before the rate decision, stocks were pricing in an aggressive Fed tightening campaign that could tip the economy into a recession.

Stocks were volatile as traders analyzed the rate decision and the latest comments from Powell’s press conference. At its highest, the Dow gained over 314 points.

The Fed raised rates by a widely expected 75 basis points and said it expects its so-called terminal rate to hit 4.6% to combat still-high US inflation. This is the rate at which the central bank will end its tightening regime. The central bank also signaled that it plans to remain aggressive, raising rates to 4.4% by next year.

“You can only steer the ship into the storm for so long, but there comes a time when you have to batten down the hatches and with the Fed’s third straight 75 basis point rate hike in the past four months, players market should be looking at a hedge to weather the coming storm,” said Charlie Ripley, senior investment strategist at Allianz Investment Management.

Treasury yields grabbed the headlines. The 2-year rate, which reached its highest level since 2007, jumped to 4.1%. The 10-year rate jumped to around 3.6% at the day’s highs.

All major S&P 500 sectors ended the session in negative territory, dragged down by consumer discretionary, communication services, materials and a slew of growth names. Travel and entertainment stocks also took a hit with battered big tech stocks Apple, Amazon and Meta Platforms.

Read the coverage of the mercado de hoy en español here.

The Fed should have done more sooner, but now it should slow down, says DoubleLine's Jeffrey Gundlach
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Flowserve Showcases How Its Flood Control Innovations Are Protecting the World in New Online Film Series, Beneath the Surface https://coachoutletonlinespick.org/flowserve-showcases-how-its-flood-control-innovations-are-protecting-the-world-in-new-online-film-series-beneath-the-surface/ Mon, 19 Sep 2022 20:02:01 +0000 https://coachoutletonlinespick.org/flowserve-showcases-how-its-flood-control-innovations-are-protecting-the-world-in-new-online-film-series-beneath-the-surface/ Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for global infrastructure markets, today announced its participation in a new online movie series, Beneath the surfacepresented by the International Water Association and produced by BBC StoryWorks Commercial Productions. This film series showcases the innovations taking place in the world of water, […]]]>

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for global infrastructure markets, today announced its participation in a new online movie series, Beneath the surfacepresented by the International Water Association and produced by BBC StoryWorks Commercial Productions.

This film series showcases the innovations taking place in the world of water, highlighting game-changing technological advancements and how communities come together to protect this precious resource. Ranging from the microscopic to the vast, the stories in this series celebrate industry pioneers and bring greater clarity to the ripple effects of water on the future of our planet.

Flowserve’s film tells how Flowserve’s products and services enable a critical element of the Netherlands’ flood management strategy, the Afsluitdijk, and protect millions of people from devastating floods. Viewers can learn about the innovative ways Flowserve teams have designed, manufactured and tested some of the largest concrete volute pumps Flowserve has ever created while meeting the environmental requirements necessary to protect the ecosystem where the pumps operate. .

“Whether it’s helping provide clean drinking water or protecting our communities from flooding, we understand the importance of preserving and managing this vital resource,” said Scott Rowe, President and CEO. general of Flowserve. “Enabling the Afsluitdijk to protect the people of the Netherlands from flooding is a very tangible way for us to help make the world a better place together, and we look forward to advancing our reach in the water market through to our growth strategy of diversification, decarbonization and digitization. .”

“The aim of this series is to show how the water industry is rising to the challenge of strengthening the security, resilience and management of global water systems with a steady stream of pioneering solutions,” said Simon Shelley , vice-president of partnerships for the BBC StoryWorks programme. . “It was a pleasure to tell these stories, and we hope the series will encourage viewers to think about how we can manage our most precious resource more wisely.”

To learn more about how Flowserve is protecting the Netherlands, visit https://flowserve.com/en/industries/water/flood-control-system/european-flood-risk-management/. To see the whole Beneath the surface series, visit https://www.bbc.com/storyworks/specials/beneath-the-surface/.

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Present in more than 55 countries, the company produces technical and industrial pumps, seals and valves, as well as a range of related flow management services. You can get more information about Flowserve by visiting the company’s website at www.flowserve.com.

Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as “may”, “should”, “expect”, “could”, “intend”, “plan”, “anticipate”, “estimate”, “believe”, “expects”, “predicts” or other similar expressions are intended to identify forward-looking statements, which include, but are not limited to, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments regarding our industry, business, operations and financial condition. performance and status.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. These forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties could cause actual results to differ materially from what is anticipated in these forward-looking statements, and include, but are not limited to, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not result in realized sales, and our ability to convert bookings into revenue with acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make necessary capital and maintenance expenditures; if we are unable to successfully execute and realize the expected financial benefits of our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-price projects and taking customer orders for large, complex, custom-designed products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the negative impact of commodity price volatility on our revenues and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes in tariffs or trade agreements that could affect customer markets, particularly northern markets -African, Russian, and Middle Eastern and global oil and gas producers, and failure to comply with U.S. export/re-export controls, foreign bribery laws, economic sanctions, and laws and regulations in terms of imports; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to currency fluctuations, including in hyperinflationary countries such as Venezuela and Argentina; our supply of products and services to nuclear power plants and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving claims relating to asbestos-containing materials; expectations regarding acquisitions and the integration of acquired businesses; our relative geographic profitability and its impact on our use of deferred tax assets, including foreign tax credits; the potential negative impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence on third-party suppliers whose failure to meet deadlines could harm our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor issues; access to public and private sources of debt financing; our inability to protect our intellectual property in the United States, as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements due to its inherent limitations, including the possibility of human error, circumvention or circumvention of controls, or fraud; the recording of an increase in valuation allowances for deferred tax assets in the future or the impact of changes in tax legislation on these deferred tax assets could affect our results of operations; our information technology infrastructure could be subject to service interruptions, data corruption, cyberattacks or network security breaches, which could disrupt our business operations and result in the loss of critical information and confidential; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.

All forward-looking statements included in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update any forward-looking statement.

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Blake Lively shares pregnancy photos online to snub dads waiting outside her house https://coachoutletonlinespick.org/blake-lively-shares-pregnancy-photos-online-to-snub-dads-waiting-outside-her-house/ Sun, 18 Sep 2022 03:21:00 +0000 https://coachoutletonlinespick.org/blake-lively-shares-pregnancy-photos-online-to-snub-dads-waiting-outside-her-house/ Ryan Reynolds and Blake Lively recently announced their pregnancy and wowed their fans when they appeared together at the 10th annual Forbes Power Women’s Summit in New York. As the duo are expecting their fourth child, Lively recently expressed her anger at the paparazzi who stood outside her house to take pictures of her and […]]]>

Ryan Reynolds and Blake Lively recently announced their pregnancy and wowed their fans when they appeared together at the 10th annual Forbes Power Women’s Summit in New York. As the duo are expecting their fourth child, Lively recently expressed her anger at the paparazzi who stood outside her house to take pictures of her and dropped her pregnancy photos of herself on social media. She further urged them to leave her and her family alone, while thanking other publications for following the No kids policy.

Blake Lively Gives Pregnancy Photos To Dads To Leave Her Alone

Blake Lively recently took to her official Instagram account and posted a series of photos in which she can be seen showing off her baby bump. Some images also depicted loving moments of her and husband Ryan Reynolds while others gave insight into her fun time at home. One of the photos also featured her posing with Taylor Swift and other celebrities while flaunting her baby bump.

In the caption, she explained how she shared these photos of herself so that 11 guys who were waiting outside her house would leave her alone. She then mentioned how much they were freaking her and her kids out. On the other hand, she even extended her love and respect to others who took the initiative to unfollow accounts and posts that shared photos of children while thanking the media for following the policy. No Kids.

She wrote: “Here are pictures of me pregnant in real life so the 11 guys waiting outside my house for a sighting leave me alone. You are freaking me out and my kids. Thank you everyone else for all the love and respect and for continuing to unfollow accounts and posts that share pictures of children. You have all the power against them. And thank you to the media who have a No Kids Policy. You all make a difference . Lots of love! Xxb” (sic)

Lively and Reynolds started dating in 2011, and they married a year later. The couple are already parents to three daughters: James, 7, Inez, 5, Betty, 2.

Image: Instagram/@blakelively

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European markets open at close, data, news and results https://coachoutletonlinespick.org/european-markets-open-at-close-data-news-and-results/ Fri, 16 Sep 2022 13:31:00 +0000 https://coachoutletonlinespick.org/european-markets-open-at-close-data-news-and-results/ The pound fell below $1.14 for the first time since 1985 as dollar strength and recession warnings weighed on the British currency. The pound fell as low as $1.135 at 8:50 a.m. London time, marking a new 37-year low before rising slightly to $1.138 in the early afternoon. This followed the release of figures showing […]]]>

The pound fell below $1.14 for the first time since 1985 as dollar strength and recession warnings weighed on the British currency.

The pound fell as low as $1.135 at 8:50 a.m. London time, marking a new 37-year low before rising slightly to $1.138 in the early afternoon. This followed the release of figures showing a 1.6% drop in retail sales in August, which ING analysts said showed a “deteriorating consumer picture in the UK”.

Meanwhile, European markets traded lower as growth fears, expectations of further rate hikes and continued volatility in the energy market weighed on stocks.

The pan-European Stoxx 600 fell 1.4% in early afternoon trading, with nearly all sectors and major exchanges in negative territory.

Britain’s FTSE 100 was last down 0.4%, Germany’s DAX was down 1.8% and France’s CAC 40 was down 1.5%.

Many sectors were down around 2%, including mining stocks, construction and industrials. Auto stocks fell 1.7% despite data showing new car sales rose in the European Union for the first time in 13 months.

This follows three days of losses for European stocks, which particularly affected energy and technology stocks. However, bank stocks gained on Thursday after analysts at Morgan Stanley upgraded the sector.

The World Bank on Thursday warned of a global recession in 2023 and said the central bank hike may not be enough to bring down inflation.

Asia-Pacific stocks fell on Friday, with the Shanghai Composite down 0.96%, despite China’s industrial production and retail sales figures for August beating expectations.

ANZ analysts said risk-sensitive stocks and markets will continue to struggle against inflation fears and expectations of Federal Reserve rate hikes next week.

US stock futures were also down on Friday morning.

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Investors’ wealth plummets by Rs 76,196 cr amid stock market sell-off https://coachoutletonlinespick.org/investors-wealth-plummets-by-rs-76196-cr-amid-stock-market-sell-off/ Wed, 14 Sep 2022 13:41:00 +0000 https://coachoutletonlinespick.org/investors-wealth-plummets-by-rs-76196-cr-amid-stock-market-sell-off/ Investors’ wealth eroded by 76,196.54 crore rupees on Wednesday as the market witnessed a sell-off amid growing concerns over possible aggressive interest rate hikes to rein in high inflation. The market capitalization of BSE-listed companies – which is also an indicator of investor wealth – fell from Rs 76,196.54 crore to […]]]>


Investors’ wealth eroded by 76,196.54 crore rupees on Wednesday as the market witnessed a sell-off amid growing concerns over possible aggressive interest rate hikes to rein in high inflation.

The market capitalization of BSE-listed companies – which is also an indicator of investor wealth – fell from Rs 76,196.54 crore to Rs 2,85,94,997.40 crore amid the Sensex 30-share in down 224.11 points or 0.37% to 60,346.97 points.

On Tuesday, as the markets gained for the fourth consecutive session, the market valuation stood at Rs 2,86,71,193.94 crore.

The 30-stock index rebounded more than 1,200 points from early lows before settling at 60,346.97 points, a loss of 224.11 points or 0.37% from the closing level of tuesday.

The broader NSE Nifty closed down 66.30 points or 0.37% at 18,003.75 points.

The Sensex had plunged 1,150 points to a low of 59,417.12 points, while the Nifty fell to a low of 17,771.15 points in early trading on Wednesday, following deep losses in US markets.

Following the weak trend in equities, the market capitalization of BSE-listed companies had fallen by Rs 2.21 lakh crore in initial trades. However, markets showed a steady recovery and pared most of the losses to stabilize at 4%.

According to Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services, Indian markets have shown strong resilience in the face of negative global signals.

As the markets opened down 1.6%, they showed a steady rally throughout the day to erase all of the opening loss and managed to close near the high of the day with a marginal loss of 0.4%.

“Inflationary environment under control compared to global peers, strong flows from retail, domestic and foreign institutions continue to boost domestic equities.

“Although there may be bouts of volatility due to unfavorable global indices. Supporting base buying at lower levels is giving much needed strength to Indian markets and any sharp declines will be a good opportunity to buy stocks Indians,” Khemka added.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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US Announces $40 Million Agriculture Aid to Sri Lanka | Sotck exchange https://coachoutletonlinespick.org/us-announces-40-million-agriculture-aid-to-sri-lanka-sotck-exchange/ Sat, 10 Sep 2022 14:21:41 +0000 https://coachoutletonlinespick.org/us-announces-40-million-agriculture-aid-to-sri-lanka-sotck-exchange/ COLOMBO, Sri Lanka (AP) — The United States on Saturday announced $40 million in assistance to buy fertilizer and other key agricultural inputs in time for the next cropping season in crisis-stricken Sri Lanka. USAID Administrator Samantha Power, who is visiting Sri Lanka, made the announcement after meeting with farmers’ representatives in Ja-Ela, outside the […]]]>

COLOMBO, Sri Lanka (AP) — The United States on Saturday announced $40 million in assistance to buy fertilizer and other key agricultural inputs in time for the next cropping season in crisis-stricken Sri Lanka.

USAID Administrator Samantha Power, who is visiting Sri Lanka, made the announcement after meeting with farmers’ representatives in Ja-Ela, outside the capital, Colombo. She said the money would be in addition to the $6 million announced earlier to help low-income farmers.

Sri Lanka is facing its worst economic crisis and severe shortages of essentials like food, fuel and medicine due to a lack of foreign currency to pay for imports. Agricultural yields have more than halved in the past two growing seasons because authorities banned imports of chemical fertilizers ostensibly to promote organic farming.

“The farmers I have just met described the enormous challenges that the economic crisis has imposed on them, their families and the whole community. They described phenomena that were unimaginable two or three years ago,” Power told reporters.

She said that according to the World Food Programme, more than 6 million people – nearly 30% of Sri Lanka’s population – currently face food insecurity and need humanitarian assistance.

Power said the money will help 1 million farmers in time for the next season which will start soon.

Sri Lanka has reached a preliminary agreement with the International Monetary Fund for a four-year, $2.9 billion aid package. However, the program is dependent on debt restructuring assurances from creditors after the country announced it was suspending repayments of its foreign loans.

Sri Lanka’s total external debt stands at over $51 billion of which $28 billion is due to be repaid by 2027.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Stocks recover from a stumble on Wall Street and end higher | national news https://coachoutletonlinespick.org/stocks-recover-from-a-stumble-on-wall-street-and-end-higher-national-news/ Thu, 08 Sep 2022 21:03:21 +0000 https://coachoutletonlinespick.org/stocks-recover-from-a-stumble-on-wall-street-and-end-higher-national-news/ Stocks rebounded from a midday slump and closed higher on Thursday, keeping the major indexes on track for their first weekly gain in four weeks. The S&P 500 closed 0.7% higher, after recovering from an early 0.9% decline. The Dow Jones Industrial Average and the Nasdaq composite each gained 0.6% after riding through their own […]]]>

Stocks rebounded from a midday slump and closed higher on Thursday, keeping the major indexes on track for their first weekly gain in four weeks.

The S&P 500 closed 0.7% higher, after recovering from an early 0.9% decline. The Dow Jones Industrial Average and the Nasdaq composite each gained 0.6% after riding through their own bumpy rides. The indices are on pace for a weekly gain after posting losses in the previous three weeks.

Wall Street had its eye on interest rates as the European Central Bank made its biggest rate hike ever to fight inflation. The move is in line with actions taken by the US Federal Reserve and other central banks.

Investors also heard from Fed Chairman Jerome Powell, who reaffirmed the central bank’s commitment to keep rates high for as long as necessary to control inflation.

Traders “were initially caught off guard by the Fed’s tough stance on fighting inflation,” said Sam Stovall, chief investment strategist at CFRA. “But once investors realized he wasn’t saying anything different than what he had said before, markets pulled back.”

The S&P 500 rose 26.31 points to 4,006.18. It is up 2.1% so far this week.

The Dow went from a loss of 259 points to a gain of 193.24 points, closing at 31,744.52. The Nasdaq gained 70.23 points to 11,862.13.

Small company stocks also gained ground after an initial pullback. The Russell 2000 rose 14.90 points, or 0.8%, to 1,846.91.

Stocks have mostly lost ground in recent weeks after the Federal Reserve signaled it would not stop raising interest rates anytime soon to bring down the highest inflation in decades. The interest rate policies of the Fed and other central banks, which also have a strong influence on stock and bond markets, have become a major concern for investors.

On the same day, the European Central Bank announced its big rate hike, Powell told a monetary policy conference hosted by the Cato Institute, a think tank that promotes libertarian ideas, that the Fed would keep rates on hold. high “until the job is done” to bring inflation back to its 2% target.

“There is a record of failed attempts to control inflation, which only increases the ultimate costs to society,” Powell said.

The Fed has already hiked rates four times this year and markets expect it to deliver another whopping three-quarters of a percentage point hike at its next meeting in two weeks.

Powell “seemed very committed to (the Fed’s) mission to stifle inflation and, therefore, probably gave more credence to the possibility of a 75 basis point hike at the September meeting,” Stovall said.

One of the Fed’s biggest fears is that households and businesses are starting to expect inflation to stay high over the long term, which could lead them to start buying in a way that creates a vicious circle making inflation even more difficult to shake.

The Fed has been criticized for not taking inflation seriously earlier, and Powell said setting interest rate policy is as much art as science. A big question remains as to whether the high inflation ravaging economies around the world is a one-off event created by the pandemic or the start of something more persistent.

Bond yields rose broadly as traders weighed Powell’s remarks and the ECB’s rate hike. The two-year Treasury yield, which tends to track expectations for Fed action, rose to 3.52% from 3.44%. The 10-year Treasury yield, which influences interest rates on mortgages and other loans, rose to 3.32% from 3.27% on Tuesday night.

Healthcare stocks were a big part of S&P 500 gains. Regeneron Pharmaceuticals jumped 18.8% after the company and its partner Bayer reported encouraging study data on an anti-blindness drug.


AP Business Writer Stan Choe contributed to this report.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Volatile trade seen ahead of August inflation data https://coachoutletonlinespick.org/volatile-trade-seen-ahead-of-august-inflation-data/ Sun, 04 Sep 2022 13:00:13 +0000 https://coachoutletonlinespick.org/volatile-trade-seen-ahead-of-august-inflation-data/ SHARES could continue to climb this week on sustained bargain hunting, but trading could be volatile as investors await the release of August inflation data. The Philippines Stock Exchange Index (PSEi) rose 104.37 points or 1.58% to close at 6,692.65 on Friday, while the broader all-stock index rose 50.49 points or 1.44% to 3,548.53. Week […]]]>

SHARES could continue to climb this week on sustained bargain hunting, but trading could be volatile as investors await the release of August inflation data.

The Philippines Stock Exchange Index (PSEi) rose 104.37 points or 1.58% to close at 6,692.65 on Friday, while the broader all-stock index rose 50.49 points or 1.44% to 3,548.53.

Week over week, the PSEi is down 59.85 points or 0.89% from its close of 6,752.50 on August 26.

“The index posted a sharp rise [on Friday] as bargain hunters took action after the recent pullback, which resulted in the successful test of the 6,500-6,600 support level,” said Rastine Mackie D. Mercado, Research Director of China Bank Securities Corp. ., in an email.

“The local market ended the week on a strong note, nearly erasing a 183 point midweek decline as investors repositioned themselves ahead of US labor data,” the online brokerage said. 2TradeAsia in a report.

For this week, Mercado said the market may be moving with an upward bias at the start of Friday’s upside momentum.

“We see [Friday’s] the bullish momentum will continue into early next week after the successful test of the 6,500-6,600 support,” Mercado said.

However, this bullish momentum will likely be accompanied by heightened volatility as investors react to key economic data, he said. These include US employment data released on Friday and the Philippines for August inflation report is due out on September 6, Tuesday,

The US Department of Labor’s jobs report released on Friday showed nonfarm payrolls rose by 315,000 jobs last month after jumping 526,000 in July, marking the 20e consecutive month of job growth.

During this time, a Business world A poll of 13 analysts gave a median estimate of 6.4% for August inflation, within the Bangko Sentral ng Pilipinas forecast of 5.9-6.7% and stable from the July level.

If realized, it would beat the central bank’s annual target of 2-4% for the fifth consecutive month and its forecast of 5.4%, and would also be faster than the 4.4% print of the same month last year.

Philstocks Financial, Inc. senior research analyst Japhet Louis O. Tantiangco said hawkish signals from the US Federal Reserve will continue to affect the local market.

“The Federal Reserve’s aggressively hawkish policy outlook is expected to weigh further on the local market [this] week, especially if rising US interest rates and falling Philippine peso continue,” Tantiangco said in a Viber message.

The peso closed at a new all-time low of P56.77 on Friday, down 35 centavos from its finish of P56.42 on Thursday, according to data from the Philippine Bankers Association.

Year-to-date, the peso has weakened P5.77 or 11.31% from the P51 close on December 31, 2021.

China Bank Securities’ Mr. Mercado placed PSEi support in the 6,500-6,600 range and resistance at 6,900, while Philstocks Financial’s Mr. Tantiangco placed support at 6,600 and immediate resistance at its average 200-day exponential moving of 6,734.81. — Justine Irish D. Tabile

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